Banking Awareness Quiz Set 54

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Banking Awareness Quiz Set 54

1. Sovereign Gold Bond(SGB) is issued by ______ on behalf of ________.

A. RBI, NABARD

B. NABARD, RBI

C. RBI, GOI

D. GOI, RBI

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2. SGB Bonds bear interest at the rate of _______ (fixed rate) per annum on the amount of initial investment.

A. 2.75%

B. 3.75%

C. 4.25%

D. 5.25%

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3. Interest will be credited _______ to the bank account of the investor.

A. Semi – monthly

B. Semi – annually

C. Quarterly

D. All of these

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4. Sovereign Gold Bonds(SGB) are sold through ______

A. SHCIL

B. Post Office

C. Scheduled Commercial Banks

D. All of these

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5. Which of the following is the tenor of SGBs?

A. 3 years

B. 4 years

C. 5 years

D. 8 years

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6. Persons resident in India as defined under _______ are eligible to invest in SGB.

A. RBI Act 1934

B. Foreign Exchange Management Act, 1999

C. Negotiable Instrument Act–1881.

D. Income-tax Act, 1961

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7. Interest on the Bonds will be taxable as per the provisions of which of the following Act?

A. RBI Act 1934

B. Foreign Exchange Management Act, 1999

C. Negotiable Instrument Act–1881.

D. Income-tax Act, 1961

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8. Sovereign Gold Bond(SGB) will be tradable on ______

A. SEBI

B. RBI

C. NABARD

D. Stock Exchange

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9. Who among the following is an eligible investor in SGBs?

A. Individuals

B. HUFs

C. Trusts

D. Universities

E. All of these

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10. The customers will be issued _______ on the date of issuance of the SGB.

A. Certificate of Deposit

B. Commercial Paper

C. Certificate of Holding

D. All of these

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11. The headquarters of Asian Clearing Union(ACU) is ______

A. Tehran, Iran

B. Baghdad, Iraq

C. Male, Maldives

D. Dhaka, Bangladesh

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12. The maximum value that can be stored in any prepaid card (issued by banks and authorized non-bank entities) at any point of time is ________